Uber Reportedly Lost $1.2B in First Half of 2016

Uber Reportedly Lost $1.2B in First Half of 2016Uber may appear to be strengthening its position in the market, but it’s losing quite a bit of money. According to a Bloomberg report, the ride-hailing company lost at least $1.27 billion in the first half of 2016. In the total seven years of its history, Uber has lost at least $4 billion. Since the company is… more